Page 120 - CIWA-AR24

Annexes

Annex 5

Value for Money

Summary Value for Money Statement
The CIWA program design and delivery • Drawing on the World Bank’s • Efficiency: For every US$1 that
prominently incorporate Value for longstanding experience in CIWA contributed to a project,
Money principles. CIWA operates international waters cooperation CIWA leveraged additional funding
57
towards achieving its targets and is through other programs such as sources to provide input of
guided by its cost-saving measures in the Nile Basin Trust Fund, South additional US$0.32.
program management, administration, Asia Water Initiative, and Water
project preparation, and supervision. Partnership Program. • Effectiveness: CIWA is short of its
While keeping costs down, CIWA has target for dollar value of investments
also made strong progress toward its • Tapping into the World Bank’s but exceeds the target for number
program-level objectives and results deep partnerships with global of beneficiaries. For every US$1
targets, thereby achieving a good collaborators to leverage regional contributed by CIWA to operations
return on the financial support from experience and networks. (funds committed), the program
development partners. influenced US$129 in cooperative
• Leveraging additional sources of investment value. For every US $1.8
CIWA is a World Bank program and is financing, such as the Global committed by CIWA approximately
therefore able to achieve economy of Environment Facility, Korean Green one person will benefit, or has
scale and leverage support in a way Growth Fund, and others for CIWA directly benefited, from
that has a multiplier effect on co-financed projects. transboundary water resources
efficiency and effectiveness. This has potential or mobilized investments.
been accomplished by: • Leveraging multiple sources of
follow-up financing such as IDA, • Equity:CIWA mainstreams GESI
• Tapping into the World Bank’s AfDB, and other investors to scale issues and considerations into all
experience and expertise in up projects where CIWA supports grants and implements the World
managing trust funds, thereby bankable project preparation. Bank's safeguards system in RETFs.
streamlining administration costs. The primary gender gap for CIWA
program is that women are much
Summary of FY24
• Leveraging strong global technical less represented in WRM technical
expertise of Bank staff across a • Economy: Given the added and decision making positions. CIWA
wide range of relevant sectors complexity of regional projects is addressing this through several
such as water, agriculture, energy, implemented in some countries that grants and also through the new
environment, governance, and are FCV-affected, CIWA has used a Male Champions for Women's
poverty and cross-cutting notably small amount of its budget Empowerment initiative. The CIWA
development challenges including for program management, project 2.0 ToC and RF elevates GEI as a core
climate change, FCV, and GESI. preparation, and supervision. pathway for impact on the three Is.

57 Beginning in FY24, CIWA updated its value for money methodology according to FCDO’s 5 Es Framework. The 5 Es are Economy, Efficiency, Effectiveness, Cost Effectiveness,
and Equity. https://www.gov.uk/government/consultations/value-for-money-a-framework-on-metrics-standards-and-disclosures/value-for-money-a-framework-on-metrics-
115 standards-and-disclosures